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General

Telefonica Colombia to launch 'Movistar Money' service with BBVA

Monday 9 November 2020 | 14:16 CET | News
Telefonica is set to team up with Spanish bank BBVA to launch a consumer loans service for its Colombian customers, reports Expansion, citing documents submitted to the European Commission. The service will be called Movistar Money, the same as that offered in collaboration with financial services partner CaixaBank in Spain. In Colombia, Movistar Money will grant loans of between COP 5.5 and 11 million (around EUR 1,240 to EUR 2,480) with no formalisation fee or additional documentation required, said the report, adding that a similar service called Vivo Money was launched in Brazil last

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Categories: General
Companies: BBVA / Movistar Colombia / Telefonica
Countries: Colombia
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